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Position Summary
The Enterprise Risk Analyst I supports the Credit Union's risk management program by fostering a culture of risk awareness, ensuring compliance with regulatory requirements, and optimizing vendor relationships. The ideal candidate has a willingness to learn financial principles, risk assessment frameworks, and operational analysis techniques. This role is ideal for recent graduates who want to build on their academic foundation to develop a successful career in risk and vendor management, with structured opportunities for growth and mentorship.
Principle Duties and Responsibilities
Willingness and ability to exhibit Wellby’s Core Values every day.
Works with purpose and is driven to provide the best team member experience.
Supports developing and monitoring Key Risk Indicators (KRIs) to identify emerging risks and trends across the organization.
Assists in conducting risk assessments and control evaluations to ensure alignment with organizational goals and compliance standards.
Maintains incident response data, tracks remediation efforts, and ensures accurate reporting to stakeholders.
Participates in creating and delivering risk assessment tools, surveys, and self-assessments for business units.
Supports the tracking of board and committee action items, ensuring timely follow-up and resolution.
Assists in evaluating and benchmarking governance practices against industry standards to identify areas for improvement.
Helps coordinate team member training sessions on corporate governance principles, ethical standards, and risk management best practices.
Monitors compliance with governance deadlines, such as regulatory submissions and board reporting schedules.
Assists in implementing and monitoring vendor risk management tools to streamline oversight processes.
Supports periodic reviews of vendor risk classifications and updates vendor risk profiles as needed.
Facilitates vendor onboarding processes by collaborating with internal stakeholders to address potential risks and requirements.
Tracks and manages vendor performance against SLAs, ensuring deviations are documented and escalated appropriately.
Provides support during vendor contract negotiations by ensuring terms align with regulatory and organizational standards.
Develops and maintains dynamic dashboards for real-time monitoring of risk, governance, and vendor management metrics.
Contributes to analyzing historical data to identify trends and propose preventive measures to mitigate risks.
Ensures the quality and accuracy of data in reports and dashboards by performing routine audits.
Facilitates communication between internal departments to align risk, governance, and vendor management efforts with overall organizational strategy.
Acts as a liaison between risk management, vendor management, compliance teams, and business units to ensure consistent application of policies and procedures.
Supports change management initiatives related to the adoption of new tools, systems, or processes.
Engages in professional development activities, including attending relevant workshops, certifications, and industry events, to enhance knowledge of risk and vendor management best practices.
Monitors industry developments and best practices to recommend improvements in organizational risk, governance, and vendor management frameworks.
Maintains all business affairs of both internal and external members confidentially.
Maintains the highest levels of integrity and professionalism.
Performs related duties and special requests as assigned, including representation on Credit Union project teams.
Knowledge, Skills, and Abilities (KSA)
Knowledge of business writing, professional communication, and documentation standards.
Skilled in creating and analyzing reports, dashboards, and metrics to monitor risk and vendor management performance.
Skilled in using Microsoft Office Suite, vendor management systems, and governance tools.
Skilled in numeracy, data analysis, and interpreting key performance indicators (KPIs) and key risk indicators (KRIs).
Skilled in monitoring industry trends, regulatory changes, and emerging risks affecting the organization.
Skilled in conflict resolution and negotiation, employing empathy and effective persuasion.
Skilled in prioritizing and managing multiple tasks in a fast-paced, high-volume environment while maintaining accuracy and meeting deadlines.
Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, and adding machines.
Skilled in numeracy and analytical concepts.
Skilled in monitoring industry trends, regulatory changes, and emerging risks affecting the credit union.
Ability to learn risk assessment methodologies, risk modeling, and risk mitigation strategies.
Ability to learn IT terminology, controls, and security concepts relevant to risk and vendor management.
Ability to learn of regulations and compliance standards governing financial institutions, including those applicable to vendor management.
Ability to learn enterprise risk management frameworks such as COSO or ISO 31000.
Ability to learn vendor management principles, including due diligence, SLA monitoring, and performance reviews.
Ability to learn data analysis tools and software, such as Excel, Power BI, or other reporting platforms.
Ability to learn financial institutions' organizational functions, operating policies, and procedures.
Ability to communicate clearly and concisely to technical and non-technical audiences, both orally and in writing.
Ability to execute complex analyses, conduct deep dives, and manage special projects efficiently and accurately.
Ability to think strategically and make sound decisions in complex and ambiguous situations.
Ability to analyze information, draw sound conclusions, and recommend actionable insights to improve processes.
Ability to establish and maintain effective working relationships with team members and cross-functional stakeholders.
Ability to maintain confidentiality, professionalism, and high levels of integrity.
Ability to adapt quickly to priorities, technology, and regulatory requirements changes.
Ability to identify opportunities for process improvement and implement effective solutions.
Ability to coordinate multiple activities simultaneously and meet competing deadlines.
Ability to facilitate training sessions and workshops to promote awareness of risk management and vendor governance principles.
Supervisory Responsibilities
This role does not have supervisory responsibilities.
Complexity & Scope of Work
The team member will ensure policies, procedures, and programs are consistently administered, aligned with organizational goals, and compliant with professional standards.
The team member performs routine and generally related tasks without supervisory direction.
Tasks may occasionally have to be coordinated, integrated, and/or prioritized.
Courses of action are determined by established procedures and/or the Manager or Vice President of, Enterprise Risk Management.
The team member’s work is reviewed periodically for accuracy, completion, and compliance with the policies and procedures.
The team member uses independent judgment in making decisions.
Physical Demands & Work Environment
The physical demands and work environment characteristics described here represent those that must be met by a team member to successfully perform the essential functions of this position. Reasonable accommodations may enable individuals with disabilities to perform essential functions.
To perform this job successfully, the team member is frequently required to remain in a stationary position 75% of the time. Daily movements include sitting, standing, reaching, and grasping; operating computers and other office equipment; moving about the office; and attending possible onsite and offsite meetings.
The team member must be able to exchange information in person, in writing, and via telephone. Some degree of stress results from contact with management and other team members.
The ability to observe details at close range (within a few feet of the observer).
Must be able to occasionally lift items weighing up to 25 pounds across the office and load them onto shelves for various needs.
The noise level in the work environment is usually moderate.
Work involves the typical risks and discomforts associated with an office environment but is usually in an adequately cooled, heated, lighted, and ventilated area.
Minimum Qualifications
Bachelor’s degree in Risk Management, Finance, Business Administration, or a related field from an accredited college or university is required.
Experience or internship in risk management, vendor management, or corporate governance
Basic understanding of vendor management principles and regulatory compliance requirements
Relevant certifications (e.g., Associate in Risk Management, (ARM), Credit Union Enterprise Risk Management Expert Certification (CUERME), or Chartered Enterprise Risk Analyst (CERA)
Advanced degree qualification and experience considered
Bondable
For All Candidates
This is a Full-Time, Salary (exempt) role.